Bidgely Wins Bloomberg New Energy Pioneer Award for its Artificial Intelligence Solutions for Global Utilities

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Bidgely
is today being recognized for pioneering AI disaggregation solutions for
utilities with a 2018
New Energy Pioneer Award from Bloomberg
New Energy Finance. The company's strong global traction with more
than 25
utilities in 12 countries and its innovation around the highly
scalable Bidgely Platform will be honored at the Bloomberg
Future of Energy Summit, held in New York City.

Bidgely co-founder and CEO Abhay Gupta will be accepting the award on
behalf of the company at the Summit this evening. He commented, "Bidgely
applies Artificial Intelligence to help utilities personalize the energy
experience for consumers around the world. We celebrate becoming a
Bloomberg New Energy Pioneer, an honor which recognizes our ability to
solve real-world utility business challenges like digital transformation
and a rapidly evolving energy landscape."

An independent panel of industry experts, assisted by BNEF's analysts
and technology specialists, selected the ten winners from more than 160
applicants from close to 50 countries around the world. Each candidate
was assessed against three criteria: technology or business model
innovation, and what novelty it brought to the market; evidence of
substantive progress in the form of strong commercial partnerships, the
distribution channels in place and sales growth; and the potential to
scale and have a global impact.

Bidgely stood out from the applicant pool for how the company has
responded to changes and disruption in the energy system – bringing
machine learning and data analytics to utility meter data to reveal
hidden insights that benefit both utilities and consumers. For example,
Bidgely recently announced a partnership with large investor owned
utility NV
Energy to bring personalized energy-saving recommendations and
reinvent its home assessment offering for its customers.

The company has raised a total of $51 million in funding, having just
closed a $27M
Series C round of financing, led by Georgian
Partners.

For more about the Bidgely Platform, visit: http://bidgely.com/solutions/.

About Bidgely

Bidgely is transforming the way customers interact with their energy
use. By combining the power of SaaS-based analytics with
consumer-friendly web and mobile applications, Bidgely provides
personalized and actionable insights that help customers save energy and
enable utilities to build enduring customer relationships. The company
works with utilities serving residential customers around the world. For
more information, please visit www.bidgely.com
or the Bidgely blog at bidgely.com/blog.

About Bloomberg New Energy Finance

Bloomberg New Energy Finance (BNEF) is an industry research firm focused
on helping energy professionals generate opportunities. With a team of
200 experts spread across six continents, BNEF provides independent
analysis and insight, enabling decision-makers to navigate change in an
evolving energy economy.

Leveraging the most sophisticated new energy data sets in the world,
BNEF synthesizes proprietary data into astute narratives that frame the
financial, economic and policy implications of emerging energy
technologies.

Bloomberg New Energy Finance is powered by Bloomberg's global network of
19,000 employees in 176 locations, reporting 5,000 news stories a day.

Visit https://about.bnef.com/ or request
more information https://about.bnef.com/contact/.

Contacts

Bidgely
Christine Bennett
[email protected]
or
Bloomberg
New Energy Finance
Veronika Henze
[email protected]